Masco Corporation is a global leader in the design, manufacture, and distribution of branded home improvement and building products, primarily focusing on the repair and remodeling (R&R) industry, with a smaller portion dedicated to new home construction . The company operates through two main segments: Plumbing Products and Decorative Architectural Products. Masco emphasizes leveraging its strong brands, product innovation, and customer service to drive growth and expand margins, while maintaining a disciplined capital allocation strategy .
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Plumbing Products Segment - Designs and manufactures a wide range of products including faucets, plumbing system components, valves, showerheads, bath hardware, bath units, tubs, shower bases, enclosures, shower drains, steam shower systems, sinks, kitchen accessories, toilets, spas, exercise pools, aquatic fitness systems, saunas, and water handling systems .
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Decorative Architectural Products Segment - Offers architectural coatings such as paints, primers, specialty coatings, stains, waterproofing products, paint applicators, and accessories, with the Behr brand being a significant part of this segment, sold exclusively through The Home Depot .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Keith J. Allman ExecutiveBoard | President and Chief Executive Officer | Board Member at Oshkosh Corporation; Director at No Barriers | Joined MAS in 1998. Became CEO in 2014. Held various leadership roles, including Group President and President of Delta Faucet. Known for strengthening brands and improving execution. | View Report → |
Imran Ahmad Executive | Group President | None | Joined MAS in 2018 as President of Masco Canada. Promoted to Group President in 2023. Focuses on operational leadership. | |
Jai Shah Executive | Group President | None | Joined MAS in 2005. Held roles including President of Delta Faucet and Chief Human Resource Officer. Became Group President in 2018. | |
Kenneth G. Cole Executive | Vice President, General Counsel, Secretary | None | Joined MAS in 2004. Became General Counsel in 2013. Previously served as Senior Assistant General Counsel and Director of Commercial Legal Affairs. | |
Renee Straber Executive | Vice President, Chief Human Resource Officer | None | Joined MAS in 1995. Held HR leadership roles at Delta Faucet before becoming Chief Human Resource Officer in 2014. | |
Richard J. Westenberg Executive | Vice President, Chief Financial Officer | None | Joined MAS in 2023. Previously held senior finance roles at General Motors, including CFO of GM North America. Compensation includes a $950,000 sign-on bonus and $2M equity award. | |
Robin L. Zondervan Executive | Vice President, Chief Accounting Officer, Investor Relations/FP&A | None | Joined MAS in 2022 as Chief Accounting Officer. Took on additional responsibilities for Investor Relations and FP&A in 2024. Previously worked at Steelcase Inc.. | |
Aine L. Denari Board | Director | EVP and President of Brunswick Boat Group; Member of Gentherm Technology Advisory Council | Director since 2022. Extensive experience in strategy, operations, and product innovation. Former roles at ZF AG, Ingersoll Rand, and Ford Motor Company. | |
Charles K. Stevens III Board | Director | Director at Genuine Parts Company (from April 2024); Director at Flex, Ltd. | Director since 2018. Former CFO of General Motors. Expertise in finance, risk management, and international operations. | |
Donald R. Parfet Board | Director | Managing Director at Apjohn Group LLC; Director at Kelly Services; Lead Independent Director at Rockwell Automation | Director since 2012. Announced retirement effective May 2025. Extensive experience in finance, governance, and venture capital. | |
John C. Plant Board | Director | Chair and CEO of Howmet Aerospace Inc.; Director at Jabil Inc. | Director since 2012. Extensive experience in engineering and manufacturing. Former CEO of TRW Automotive. | |
Jonathon J. Nudi Board | Director | Board of Governors at First Tee | Director since 2023. Group President at General Mills. Extensive experience in marketing, brand management, and international business. | |
Lisa A. Payne Board | Chair of the Board | Director at Rockwell Automation; Director at Leaf Home Solutions LLC | Director since 2006. Became Independent Chair in 2021. Former CFO of Taubman Centers and investment banker at Goldman Sachs. | |
Marie A. Ffolkes Board | Director | Managing Partner at GenNx360 Capital Partners; Director at Valero Energy Corporation; Director at Colson Group Holdings, LLC | Director since 2017. Expertise in strategy, operations, and talent management. Former CEO of Air Products and Chemicals. | |
Mark R. Alexander Board | Director | CEO of Icelandic Provisions, Inc. | Director since 2014. Former President of Campbell Soup Company\u2019s largest division. Extensive experience in marketing and international business. | |
Sandeep Reddy Board | Director | EVP and CFO at Domino\u2019s Pizza | Director since 2023. Nearly 30 years of experience in finance and accounting. Former CFO at Six Flags and Guess? Inc.. |
- With the ongoing uncertainty in the macroeconomic environment and your revised expectation of flat sales in the second half of the year, what specific strategies are you implementing to drive growth and mitigate the impact on your full-year sales guidance?
- Considering the increased commodity and ocean freight costs impacting both segments, can you elaborate on the specific cost savings initiatives and operational efficiencies you are leveraging to sustain margin expansion, and how confident are you in their long-term sustainability?
- You mentioned a 30% reduction in tariff exposure, but in light of potential abrupt changes in tariff policy, how prepared are you to manage additional tariffs, and what lessons from previous experiences are you applying to mitigate these risks effectively?
- Given that existing home sales are at historically low levels, which traditionally boost DIY spending, how are you adjusting your approach to address the continued softness in the DIY paint market and offset potential declines in this segment?
- With the M&A environment being quiet due to current rates and valuations, how do you plan to execute your capital allocation strategy to drive shareholder value, particularly if bolt-on acquisitions remain limited and you have committed to deploying approximately $600 million?
Research analysts who have asked questions during MASCO CORP /DE/ earnings calls.
Anthony Pettinari
Citigroup Inc.
5 questions for MAS
John Lovallo
UBS Group AG
5 questions for MAS
Stephen Kim
Evercore ISI
5 questions for MAS
Matthew Bouley
Barclays PLC
4 questions for MAS
Michael Rehaut
JPMorgan Chase & Co.
4 questions for MAS
Sam Reid
Wells Fargo
4 questions for MAS
Adam Baumgarten
Zelman & Associates
3 questions for MAS
Keith Hughes
Truist Financial Corporation
3 questions for MAS
Mike Dahl
RBC Capital Markets
3 questions for MAS
Rafe Jadrosich
Bank of America
3 questions for MAS
Susan Maklari
Goldman Sachs Group Inc.
3 questions for MAS
Trevor Allinson
Wolfe Research, LLC
3 questions for MAS
Collin Varren
Deutsche Bank
2 questions for MAS
Eric Bussard
Cleveland Research
2 questions for MAS
Matthew Bouley
Barclays
2 questions for MAS
Susan McClary
Goldman Sachs
2 questions for MAS
Trevor Allison
Wolfe Research LLC
2 questions for MAS
Aatish Shah
Evercore ISI
1 question for MAS
Andrew Azzi
JPMorgan Chase & Co.
1 question for MAS
Christopher Kalata
RBC Capital Markets
1 question for MAS
Garik Shmois
Loop Capital Markets
1 question for MAS
Gregory Andreopoulos
Citigroup
1 question for MAS
Maggie
Jefferies
1 question for MAS
Maggie Grady Miller
Jefferies
1 question for MAS
Michael Dahl
RBC Capital Markets
1 question for MAS
Philip Ng
Jefferies
1 question for MAS
Phil Ng
Jefferies
1 question for MAS
Richard Reid
Wells Fargo & Company
1 question for MAS
Spencer Kaufman
UBS Group AG
1 question for MAS
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Benjamin Moore & Co. | A competitor in the Decorative Architectural Products segment, offering large national and international brands. Competition is based on brand reputation, product features, innovation, quality, customer service, breadth of product offering, and price. |
Pittsburgh Paints Co.'s Glidden, Olympic, Pittsburgh Paints and Stains and PPG Paints brands | These brands compete in the Decorative Architectural Products segment, focusing on architectural coatings. Competition is influenced by brand reputation, product features, innovation, quality, customer service, breadth of product offering, and price. |
These brands are competitors in the Decorative Architectural Products segment, emphasizing architectural coatings. Key competitive factors include brand reputation, product features, innovation, quality, customer service, breadth of product offering, and price. | |
These brands compete in the Decorative Architectural Products segment, focusing on architectural coatings and related products. Competition is driven by brand reputation, product features, innovation, quality, customer service, breadth of product offering, and price. | |
The Wooster Brush Company | A competitor in the Decorative Architectural Products segment, particularly in paint applicators and accessories. Competition is based on brand reputation, product features, innovation, quality, customer service, breadth of product offering, and price. |
Amerock Hardware | A competitor in the Decorative Architectural Products segment, specifically in branded cabinet and door hardware. |
Richelieu Hardware Ltd. | A competitor in the Decorative Architectural Products segment, focusing on branded cabinet and door hardware. |
Top Knobs | A competitor in the Decorative Architectural Products segment, specializing in branded cabinet and door hardware. |
American Bath Group, LLC's Dreamline brand | A competitor in the Decorative Architectural Products segment, particularly in decorative bath hardware and shower accessories. |
A competitor in both the Decorative Architectural Products and Plumbing Products segments, offering decorative bath hardware and plumbing products. | |
Gatco Fine Bathware | A competitor in the Decorative Architectural Products segment, focusing on decorative bath hardware and shower accessories. |
Kohler Co. | A competitor in both the Decorative Architectural Products and Plumbing Products segments, offering decorative bath hardware and plumbing products. |
Dornbracht AG & Co. KG | A competitor in the Plumbing Products segment, offering a range of plumbing products. |
A competitor in the Plumbing Products segment, focusing on plumbing solutions. | |
Lixil Group Corporation’s American Standard and Grohe brands | Competitors in the Plumbing Products segment, offering a variety of plumbing products. |
A competitor in the Plumbing Products segment, specializing in faucets. | |
Artesian Spas | A competitor in the Plumbing Products segment, specifically in spas, exercise pools, and aquatic fitness systems. |
Harvia | A competitor in the Plumbing Products segment, focusing on spas, exercise pools, and aquatic fitness systems. |
Jacuzzi | A competitor in the Plumbing Products segment, offering spas, exercise pools, and aquatic fitness systems. |
Master Spas | A competitor in the Plumbing Products segment, specializing in spas, exercise pools, and aquatic fitness systems. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
The Home Depot | Largest single customer, brand exclusivity for Behr | All | $3,000 million (38% of 2024 consolidated net sales) |
Ferguson | Major distribution partner | All | Less than 10% of 2024 consolidated net sales |
Lowe’s | Major distribution partner | All | Less than 10% of 2024 consolidated net sales |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Decorative Architectural Products segment | 2024 | In Q2 2024, Masco recorded $4 million of goodwill from an immaterial acquisition in its Decorative Architectural Products segment, and in Q3 2024, it divested its Kichler Lighting business which reduced gross goodwill and impairment losses by $64 million. |
Easy Sanitary Solutions B.V. | 2024 | In Q1 2024, the sellers exercised a put option to sell the remaining 24.9% equity interest in ESS to Hansgrohe SE for €13 million ($15 million), an equity purchase transaction that followed its initial acquisition in 2021 of a 75.1% interest for approximately €47 million ($58 million). |
Sauna360 Group Oy | 2023 | Completed in Q3 2023 for approximately €124 million ($136 million), this acquisition added a portfolio of sauna and steam shower brands (including Tylö®, Helo®, Kastor®, Finnleo®, and Amerec®) and generated significant intangible assets with $60 million in goodwill, aligning with Masco’s bolt‑on strategy to enhance its spa and wellness offerings. |
Recent press releases and 8-K filings for MAS.
- 3% sales decline to $1.92 billion in Q3 2025; plumbing products segment up 2%
- Adjusted operating profit $312 million and adjusted EPS $0.97, down 10% yoy and missing estimates
- Returned $188 million to shareholders via dividends and buybacks; repurchased 1.75 million shares for $123.51 million (9.76% of plan)
- Gross margin fell from 36.6% to 34.2%; operating margin down 220 bps to 15.8%
- Stock performance: –5.7% YTD vs S&P 500 +17.2%; maintains Altman Z-Score of 4.04 and institutional ownership of 95.44%
- Net sales decreased 3% (2% in local currency ex-Kichler), operating profit was $312 M (16.3% margin), and EPS was $0.97.
- Plumbing segment sales rose 1% in local currency with $204 M operating profit (16.4% margin); Decorative Architectural sales fell 12% (6% ex-Kichler) with a 19.1% margin.
- DIY paint sales declined mid-single digits while pro-paint grew low single digits; returned $188 M to shareholders via dividends and repurchased $124 M of stock.
- 2025 EPS guidance narrowed to $3.90–$3.95 (from $3.90–$4.10), with full-year sales expected down low single digits and an operating margin of about 16.5%.
- Annualized tariff impact estimated at $270 M ($140 M China; $130 M other), with $150 M in-year impact and mitigation efforts expected to largely offset costs.
- For the quarter, net sales decreased 3% (down 2% in local currency ex-Kichler), with operating profit of $312 million (16.3% margin) and EPS of $0.97.
- Plumbing segment saw 1% sales growth in local currency and $204 million operating profit (16.4% margin), while Decorative Architectural sales fell 12% (–6% ex-Kichler) with $128 million op profit (19.1% margin).
- Tariff headwinds drove a $15 million Q3 hit, contributing to a $270 million annualized tariff cost (with $150 million in-year 2025 impact), to be mitigated by cost savings, sourcing shifts, and pricing actions.
- Returned $188 million to shareholders (including $124 million in buybacks), ended Q3 with $1.6 billion liquidity, and updated 2025 guidance to sales down low single digits, margin ~16.5%, and EPS $3.90–$3.95.
- Masco's Q3 net sales decreased 3%, operating profit was $312 million (16.3% margin), and EPS was $0.97.
- Plumbing sales rose 1% in local currency with $204 million operating profit (16.4% margin); Decorative Architectural sales fell 12% (-6% ex-Kichler) with $128 million profit (19.1% margin).
- Paint category: DIY paint sales declined mid-single digits; pro-paint sales grew low-single digits.
- 2025 full-year EPS guidance lowered to $3.90-$3.95, with sales expected down low-single digits and operating margin around 16.5%.
- Annualized tariff impact is $270 million (in-year ~$150 million); mitigation actions (sourcing, cost savings, pricing) should largely offset these costs.
- Masco posted Q3 2025 sales of $1.917 B, down 3% (2% ex-divestiture/currency), with adjusted gross margin at 34.6%, adjusted operating margin at 16.3%, and adjusted EPS of $0.97 per share.
- The company repurchased 1.8 million shares for $124 million during the quarter.
- As of September 30, 2025, Masco held $559 M in cash and cash investments with $1.0 B of revolver availability, maintaining total liquidity of $1.559 B.
- Full-year 2025 adjusted EPS guidance was narrowed to $3.90–$3.95 per share, from $3.90–$4.10.
- Net sales decreased 3% to $1,917 million; in local currency and excluding divestitures, net sales decreased 2%.
- Operating profit margin declined 220 bps to 15.8%; adjusted operating margin fell 190 bps to 16.3%.
- Diluted earnings per share were $0.90; adjusted EPS decreased 10% to $0.97.
- Repurchased 1.8 million shares for $124 million and declared a quarterly dividend of $0.31 per share; total liquidity was $1,559 million.
- Full-year EPS guidance narrowed to $3.84–$3.89, with adjusted EPS expected at $3.90–$3.95.
- Net sales decreased 3% to $1,917 M in Q3 2025, down 2% in local currency excluding divestitures.
- Reported EPS of $0.90, with adjusted EPS declining 10% to $0.97; adjusted operating margin fell 190 bps to 16.3%.
- Share buyback of 1.8 M shares for $124 M and a $0.31 per share quarterly dividend declaration.
- Full-year 2025 guidance set to $3.84–$3.89 for reported EPS and $3.90–$3.95 for adjusted EPS.
- Leadership Update: CEO Keith Allman retires after 27 years with Masco, with Jon Nudi set to assume President and CEO responsibilities .
- Financial Performance: Q1 sales declined 6% to $1,801 million, with operating profit of $288 million, a 15.9% margin, and EPS of $0.87 .
- Tariff Impact & Mitigation: The company faces an in-year tariff cost impact of approximately $400 million before mitigation, targeting a 50%-65% offset via pricing and sourcing adjustments, with further efforts planned through 2026 .
- Segment Performance: Mixed results with modest improvements in plumbing and challenges in the decorative architectural segment .
- Shareholder Returns: Masco repurchased 1.8 million shares for $130 million and returned $196 million to shareholders through dividends and buybacks .
- Capital Strength: Ended the quarter with a gross debt to EBITDA ratio of 2.1x and $1.2 billion in liquidity .
- Guidance Update: No full-year guidance was issued due to tariff and macroeconomic uncertainty .